Leasing Products Explained

Most Popular Questions

What Is The Shortest Lease Period For A Van?

The shortest lease term is 2 years up to a maximum term of 5 years. There are a few different options available to you, subject to what you would like to happen at the end of the contract. For example, if you wish to own the vehicle at the end, sell it or hand it back and upgrade to a new one. Contact us directly to discuss your options in more detail.

Can I Change The Annual Mileage After My Vehicle Is Delivered?

It would depend which finance company you choose to have your lease agreement with. For example, we do work with one finance company who will allow you to increase and/or decrease the mileage during the lease term. If this is something you think you would like to do, please make sure you let our account manager know when you contact us so we can select the right finance company for your needs.

Can I Take My Leased Van Out Of The Country?

Yes, you can take your van out of the country. In order to do this, you will need to contact your finance company directly and request a VE103B form which will allow you to take the vehicle abroad.

All Questions

No. Leasing is a great option for personal and business users.
Our expert Rob answered... Currently we don't offer Hire Purchase but we can provide you with a very similar product called Contract Purchase. Contract Purchase is an agreement to purchase a vehicle via a series of monthly instalments. Ownership passes to you at the end of the contract following a final payment. At the end of the agreement you will have a guaranteed residual value, which enables lower monthly payments, this is set by the finance company at the start of the contract, a contract purchase will give you three options by the end: Part exchange and use any equity for the deposit on your next vehicle.Hand the vehicle back to the leasing company (subject to mileage and condition).Keep the vehicle by paying the optional final payment.
If you are starting a new business it would depend on what trading entity you will begin trading as. If you will be starting as a sole trader, the finance company will simply look at your personal credit history. Depending on the outcome of the searches they might ask for bank statements, and balance sheets including profit and loss for the business to help support the credit application. However, if you have started a new limited company, you will need to supply at least three months of business bank statements for the finance company. This is mainly to confirm the business is trading. As you would expect, there is very little tradingHistory with new limited companies. Some, but not all of our funders, might ask you to be a guarantee on the finance if you are a new limited company.